Rep. BINGHAM and ERICKSON proposes the following Amendment No. 59 to H.5001 as introduced by Ways & Means
(Doc Name h:\legwork\house\amend\h-wm\008\revolving loan fund.docx):

EXPLANATION: Deletion of proviso concerning the Revolving Loan Fund for Charter Schools

Amend the bill, as and if amended, Part IB, Section 117, GENERAL PROVISIONS, page 490, paragraph 117.129, lines 15 - 18, by striking the proviso in its entirety./(GP: Revolving Loan Fund) By July 15, 2016, the State Treasurer shall issue a request for proposal for a South Carolina non-profit corporation to manage the application and review process of the Charter School Facility Revolving Loan Program established in Section 59-40-175, of the 1976 Code. Funds shall be made available to approved applicants no later than October 1 each year so that facility plans may proceed for the following school year./

Renumber sections to conform.
Amend totals and titles to conform.